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Business
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Economy
12/5/2023 1:14:17 PM
Egypt’s Purchasing Managers Index (PMI) for the non-oil private sector rose slightly in November to 48.4 points compared to 47.9 points in October, the index's sixth rise in 2023, according to data released by the American credit rating agency S&P Global Ratings on Tuesday.
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Business
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Economy
12/3/2023 4:45:23 PM
Egypt is ramping up restructuring efforts with the sale of ChillOut fuel stations to the private sector as part of the country's IPO programme, Hala El-Said, Minister of Planning and Economic Development, said on Sunday.
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Business
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Economy
11/28/2023 4:10:27 PM
The African Development Bank (AfDB) approved a $131 million loan to Egypt with the aim of bolstering the government’s efforts to stimulate the private sector and diversify its green development following the COVID-19 pandemic and the ongoing conflict in Ukraine.
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Business
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Economy
11/24/2023 11:09:25 AM
Egypt is considering selling real estate units in US dollars to foreigners and expatriates in a collaborative initiative with the private sector, according to a Cabinet statement released on Thursday.
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Business
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Economy
11/23/2023 9:44:37 PM
The fifth edition of Africa’s Business Heroes (ABH) Summit and Grand Finale commenced in the Rwandan capital, Kigali, calling for an increased role of the private sector in financing African entrepreneurs who still grapple with financial constraints.
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Business
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Markets & Companies
11/19/2023 12:59:52 PM
Beltone Financial Holding, a large Cairo-listed investment company, announced that its wholly-owned subsidiary Beltone Real Estate Finance has obtained a license to practice real estate financing activity from the Egyptian Financial Regulatory Authority (FRA), according to the company's statement on Sunday.
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Business
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Economy
11/5/2023 6:08:44 PM
Egypt’s Purchasing Managers Index (PMI) for the non-oil private sector decreased in October to a five-month record low of 47.9 points, S&P Global announced on Saturday.
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Business
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Economy
11/5/2023 5:49:22 PM
Egypt plans to offer private companies contracts to manage and run airports, Prime Minister Mostafa Madbouly said on Sunday.
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Al-Ahram Weekly
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Economy
10/31/2023 11:25:50 PM
Will private sector companies respect a National Wages Council decision to raise the monthly minimum wage, asks Safeya Mounir
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Business
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Economy
10/28/2023 7:06:08 PM
The National Wages Council (NWC) has approved raising the minimum wage for private sector employees from EGP 3,000 to EGP 3,500, effective 1 January 2024, according to a Cabinet statement on Friday.
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Business
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Economy
10/24/2023 9:30:31 PM
President Abdel-Fattah El-Sisi gave directives on Tuesday to further enhance reforms of financial and monetary policies and bolster the role of the private sector in Egypt, according to a presidential statement.
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Business
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Economy
10/7/2023 7:48:41 PM
Egyptian Minister of Finance Mohamed Maait said Moody's latest decision to revise the future outlook for the country’s economy from negative to stable reflects the government's efforts to accelerate structural reforms that encourage investment and empower the private sector.
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Business
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Economy
10/4/2023 5:52:32 PM
Turkish Ambassador to Egypt Salih Mutlu Sen said Turkish companies are keen to invest in Egypt and the government supports economic cooperation in the public and private sectors.
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World
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Region
10/2/2023 3:37:44 PM
The new head of the U.N.'s migration agency said Monday that the private sector is “desperate” for their countries to take in migrants to mop up labor shortages, especially in the West — endeavoring to steer a narrative away from reticence and suspicion about migrants in many parts of the world.
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Business
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Economy
9/25/2023 5:21:37 PM
The Egyptian private real estate sector is developing $180 billion in real estate projects, accounting for 66 percent of total investments in the sector and 85 percent of all ongoing real estate projects in the country, according to a report by Property Finder.
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Egypt
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Society
9/21/2023 8:40:08 PM
Egypt's Minister of Labour Hassan Shehata announced that Thursday, 28 September, will be a paid holiday for the private sector on the occasion of Moulid El-Nabi.
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Business
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Economy
9/11/2023 3:42:32 PM
Egypt is set to hold the National Investment Forum in the first half of 2024 to partner with the private sector and promote investment in the country, Prime Minister Mostafa Madbouly announced on Sunday.
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Business
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Economy
9/5/2023 3:29:26 PM
The Egyptian non-oil private sector was largely stable in August, despite the outlook for the sector remaining negative due to inflationary pressures.
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Business
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Economy
8/30/2023 1:50:37 PM
Egypt is looking forward to expanding the cooperation portfolio with the Asian Infrastructure Investment Bank (AIIB) to $40 billion covering 220 projects, said Ahmed Kouchouk, Vice Minister of Finance for Fiscal Policies and Institutional Reform, according to a statement on Tuesday.
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Business
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Economy
8/25/2023 5:50:09 PM
Egypt's Prime Minister Mostafa Madbouly said the government is working to promote the private sector’s role and increase its contribution to the national economy to 65 percent in the next few years.
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